Download or read book Nonbanks in the Payments System Innovation Competition and Risk A Conference Summary written by Richard J. Sullivan and published by DIANE Publishing. This book was released on 2008-05 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: Payments & payments processing (PP) have continually embraced new technol. At the same time, the industry has been shaped by its share of entry & exit, through startups, mergers, & the reorg. of bus. seeking the proper scope of integration. These changes have enabled nonbank org. to play a role in the PP system. Nonbanks have introduced many innovations to the PP system in recent years, leading to greater efficiencies in PP. At the same time, nonbanks have changed the dynamics of competition in PP, leading to a significant change in the system¿s risk profile. These essays summarize the proceedings of a conference which addressed many of the key questions raised by the growing presence of nonbanks in payments.
Download or read book Transforming Payment Systems in Europe written by Jakub Górka and published by Springer. This book was released on 2016-04-08 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European payment market has undergone rapid transformation in recent years due to changes in payment habits, new business rules and new legal frameworks and regulation. There has also been an advent of new technologies and payment solutions which has altered the European payments landscape drastically. This book provides an overview of the fundamental issues involved in this new payments landscape. The authors discuss fundamental problems such as substitution between cash and non-cash payment instruments, payment costs, the economics of fees, and the demand for cash and deposit money. They also analyse issues such as two-sided markets, business platforms and the problem of critical mass. Other chapters focus on new phenomena in payments such as mobile payments, multi-sided platforms, electronic wallets, virtual currencies, decentralised ledgers, private digital currencies, blockchain and instant payments. The authors also review existing regulation for the topic including the revised Payment Services Directive (PSD2), Interchange Fee Regulation (IF/MIF Reg), and the Single Euro Payments Area (SEPA) project. Transforming Payment Systems in Europe offers insight into changing payment culture and the ways in which new payment systems can create a single digital market to foster further integration in Europe.
Download or read book Financialization and the Economy written by Agata Gemzik-Salwach and published by Taylor & Francis. This book was released on 2017-07-14 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: There can be no doubt that the influence of the financial sphere has intensified rapidly in recent years, but there is much debate about the effect of that influence. The aftermath of the Financial Crisis has led to numerous discussions of the phenomenon of so-called financialization: the increasing impact of financial institutions on the activity of all business entities; emerging threats related with dynamically developing financial markets and the growing importance of financial themes. In light of these issues, which appear in all economies and touch all entities and every area of economic activity, there is a need for a summary and evaluation of the role of financialization in the world today. This monograph presents the role of financialization in the modern world. It shows positive as well as negative effects of financialization on the stability of the whole economy, the functioning of different types of markets, activity of enterprises, state institutions and behaviours of households. Written by expert contributors, this book plays an important role in the debate concerning future directions of development of the financial sector and financial markets. Financialization and the Economy is of great importance to those who study political economy, macroeconomics and banking.
Download or read book Economic Review written by Federal Reserve Bank of Kansas City and published by . This book was released on 2008 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Surveillance or Security written by Susan Landau and published by MIT Press. This book was released on 2011-01-28 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: How, in the name of greater security, our current electronic surveillance policies are creating major security risks. Digital communications are the lifeblood of modern society. We “meet up” online, tweet our reactions millions of times a day, connect through social networking rather than in person. Large portions of business and commerce have moved to the Web, and much of our critical infrastructure, including the electric power grid, is controlled online. This reliance on information systems leaves us highly exposed and vulnerable to cyberattack. Despite this, U.S. law enforcement and national security policy remain firmly focused on wiretapping and surveillance. But, as cybersecurity expert Susan Landau argues in Surveillance or Security?, the old surveillance paradigms do not easily fit the new technologies. By embedding eavesdropping mechanisms into communication technology itself, we are building tools that could be turned against us and opting for short-term security and creating dangerous long-term risks. How can we get communications security right? Landau offers a set of principles to govern wiretapping policy that will allow us to protect our national security as well as our freedom.
Download or read book FinTech in Sub Saharan African Countries written by Mr.Amadou N Sy and published by International Monetary Fund. This book was released on 2019-02-14 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
Download or read book Finance India written by and published by . This book was released on 2008 with total page 832 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Business Periodicals Index written by and published by . This book was released on 2007 with total page 2892 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book INDIA Handbook 2018 for Competitive Exams Schemes Yojanas Policies Bill Acts Amendments Judgements Summits Organisations Tribunals Committees written by Disha Experts and published by Disha Publications. This book was released on 2017-09-27 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of the Competitive exams today test an aspirant's general awareness of India and its influencing factors. Most of the questions asked in these exams revolve around the new initiatives - various schemes, policies etc. - taken by the government during the recent times. The questions asks about the various features, objectives, stakeholders, beneficiaries, budgets, targets etc. involved in these initiatives. Thus General Knowledge/ Awareness about the Indian social, economic & political aspects is essential for success in any Competitive/ Recruitment exams. INDIA HANDBOOK 2018 FOR COMPETITIVE EXAMS by Disha is a comprehensive book with detailed theoretical content which covers an exhaustive listing of government Schemes & Yojanas, Policies & Plans, Important Bills & Acts, Constitution of India & the various amendments, various Courts’ Judgements, Summits/ Conferences, Agreements/ Accords, Organizations/ Alliances, Tribunals/ Regulators, Important Committees & their recommendations, Important Projects & Missions and many more. INDIA HANDBOOK FOR COMPETITIVE EXAMS covers all the latest trends in General Knowledge which a candidate aspiring for any competitive exams like IAS, State PSCs, SSC, Bank Clerk and PO, Railways, State Services Examinations and various PSUs such as NTPC, NHPC, BPCL, BSNL, DMRC, HAL, IOCL, SAIL, NPCL, DRDO etc. needs to be aware of. The book has been developed in accordance with the current pattern and trends in various competitive examinations. The book has been written in a lucid style for easy comprehension of the readers. Figures, Graphics and Tables have also been added wherever required. Hope the book will prove to be highly beneficial for you.
Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Download or read book Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Download or read book Oversight Issues in Mobile Payments written by Tanai Khiaonarong and published by International Monetary Fund. This book was released on 2014-07-15 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.
Download or read book Fintech written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-06-27 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper finds that while there are important regional and national differences, countries are broadly embracing the opportunities of fintech to boost economic growth and inclusion, while balancing risks to stability and integrity.
Download or read book Fintech Inclusive Growth and Cyber Risks Focus on the MENAP and CCA Regions written by Ms.Inutu Lukonga and published by International Monetary Fund. This book was released on 2018-09-11 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth. Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion. This paper reviews the fintech landscape in the MENAP and CCA regions, identifies the constraints to the growth of fintech and its contribution to inclusive growth and considers policy options to unlock the potential.
Download or read book Fintech and Financial Services written by Mr.Dong He and published by International Monetary Fund. This book was released on 2017-06-19 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new wave of technological innovations, often called “fintech,” is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech might provide solutions that respond to consumer needs for trust, security, privacy, and better services, change the competitive landscape, and affect regulation. It combines a broad discussion of trends across financial services with a focus on cross-border payments and especially the impact of distributed ledger technology. Overall, the paper finds that boundaries among different types of service providers are blurring; barriers to entry are changing; and improvements in cross-border payments are likely. It argues that regulatory authorities need to balance carefully efficiency and stability trade-offs in the face of rapid changes, and ensure that trust is maintained in an evolving financial system. It also highlights the importance of international cooperation.
Download or read book Payment systems research and public policy written by Allen Berger and published by . This book was released on 1996 with total page 1075 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Promise of Fintech written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 2020-07-01 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.
